Half Year Results 

Eddie Stobart Logistics in growth mode

Eddie Stobart Logistics in growth mode

Eddie Stobart Logistics (ESL) was spun out from the larger Stobart Group (STOB) to reduce its debt and further its acquisitive growth strategy. Joining Aim in April this year helped fund its £45m takeover of e-commerce logistics specialist iForce. After the period-end, ESL took a 50 per cent stake in business-to-businesss specialist Speedy Freight. Chief executive Alex Laffey – who has been with the company since 2015 – says future acquisitions are on the cards, although most announced deals have been “in the works for some time”.

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